Nuveen Asset Management LLC Has $282.33 Million Stock Position in L3Harris Technologies, Inc. (NYSE:LHX)

Nuveen Asset Management LLC grew its position in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 13.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,342,639 shares of the company's stock after acquiring an additional 157,992 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.71% of L3Harris Technologies worth $282,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in LHX. Czech National Bank lifted its holdings in shares of L3Harris Technologies by 6.4% in the 4th quarter. Czech National Bank now owns 41,124 shares of the company's stock worth $8,648,000 after purchasing an additional 2,480 shares during the last quarter. Fiduciary Alliance LLC increased its stake in shares of L3Harris Technologies by 23.8% during the fourth quarter. Fiduciary Alliance LLC now owns 2,458 shares of the company's stock valued at $517,000 after acquiring an additional 473 shares during the period. Brookstone Capital Management raised its stake in shares of L3Harris Technologies by 11.3% in the 4th quarter. Brookstone Capital Management now owns 3,620 shares of the company's stock worth $761,000 after buying an additional 368 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in L3Harris Technologies by 13.1% in the 4th quarter. Capital Investment Advisors LLC now owns 6,211 shares of the company's stock valued at $1,306,000 after acquiring an additional 718 shares during the last quarter. Finally, Claro Advisors LLC acquired a new stake in L3Harris Technologies during the fourth quarter valued at approximately $241,000. Institutional investors own 84.76% of the company's stock.

L3Harris Technologies Price Performance

Shares of NYSE:LHX traded up $0.15 during midday trading on Tuesday, reaching $231.12. 263,764 shares of the company's stock were exchanged, compared to its average volume of 1,402,684. The firm has a market capitalization of $43.21 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 2.42 and a beta of 0.72. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.90 and a current ratio of 1.08. L3Harris Technologies, Inc. has a 12 month low of $193.09 and a 12 month high of $265.74. The company's 50 day simple moving average is $215.12 and its two-hundred day simple moving average is $219.03.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.09. The business had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.29 billion. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.06 EPS. Equities research analysts expect that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, June 3rd. L3Harris Technologies's payout ratio is presently 56.94%.

Wall Street Analyst Weigh In

LHX has been the topic of a number of analyst reports. Citigroup dropped their price target on L3Harris Technologies from $285.00 to $245.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group raised shares of L3Harris Technologies from a "sell" rating to a "buy" rating and upped their price target for the stock from $198.00 to $263.00 in a research note on Friday, April 11th. UBS Group raised their price objective on shares of L3Harris Technologies from $222.00 to $226.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Morgan Stanley reduced their price target on L3Harris Technologies from $260.00 to $250.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Finally, Bank of America decreased their price objective on shares of L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating for the company in a report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $256.56.

Insider Activity

In other L3Harris Technologies news, insider Jon Rambeau sold 3,178 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $226.00, for a total value of $718,228.00. Following the completion of the transaction, the insider now directly owns 2,797 shares of the company's stock, valued at approximately $632,122. The trade was a 53.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edward J. Zoiss sold 1,783 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $211.48, for a total transaction of $377,068.84. Following the transaction, the insider now owns 30,620 shares in the company, valued at $6,475,517.60. The trade was a 5.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

About L3Harris Technologies

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.